As the December 11th policy change date for U.S. investment immigration approaches, multiple new versions of the EB-5 bill and corresponding interpretations have emerged in the U.S. immigration market. In the face of this "beautiful mess" of information, which version of the new EB-5 bill is the most reliable? On the morning of December 9th, U.S. Congress presented the latest draft of the EB-5 bill, referred to as "the relatively better version among several drafts." WorldWay Immigration is now releasing this draft along with a brief interpretation. Meanwhile, for any questions or information regarding the EB-5 policy changes or future new bills, please follow the WorldWay Immigration official website and WeChat for updates. We will provide the most authoritative information and interpretations as soon as possible. The new EB-5 investment immigration bill in the United States is about to be released, so stay tuned!
1. Regarding the Extension
The EB-5 Regional Center Program has been extended for 5 years, until September 30, 2020.
2. Regarding the Price Increase
The investment amount for Targeted Employment Areas (TEA) and other special regions is $800,000, while for other areas it is $1,000,000.
Additionally, regarding the price increase issue, the investment amount will also feature the "six-seven-eight clause," meaning: for projects approved on or before December 6, 2015, if 1) the investor submits an application within 30 days of the new law's implementation, the investment amount is $600,000; 2) if the investor submits an application from the 31st to the 60th day after the new law's implementation, the investment amount is $700,000; 3) if the investor submits an application from the 61st to the 90th day after the new law's implementation, the investment amount is $800,000.
3. Regarding TEA
The proposal states that TEA includes 12 consecutive census tracts and special investment areas, establishing execution procedures for TEA designation. Regarding visas, 2,000 visas are reserved for rural TEA areas and urban priority areas, 4,000 for $1,000,000 investors, and 2,000 for reserve adjustment distribution.
4. Regarding Strict Management
The proposal requires stricter management of regional centers, including personnel, project, and transparency in information disclosure, demanding greater transparency.
The above are the major aspects of the EB-5 new bill that are most likely to change, while the issue of the "grandfather clause" protection remains uncertain. However, it is clear that clients who successfully submitted their applications by December 11 can rest assured.
In summary, as stated by Klasko, a leading authority in the U.S. EB-5 investment immigration field, the future policies of U.S. EB-5 immigration are unpredictable. The wisest choice for investors at present is to act quickly rather than waiting for the impending "price increase" and "strict management". Especially since the future new policies may not resolve the backlog, for Chinese investors, the sooner they invest, the sooner they can secure priority dates in the EB-5 queue.
Finally, WorldWay Immigration experts remind investors: wise EB-5 investors should prepare in advance, making the most thorough preparations before the December 11 policy change, and try to select projects that meet the highest standards currently discussed in the industry. Rapidly investing in high-quality projects protected by the grandfather clause can undoubtedly maximize the avoidance of the impact of future policy uncertainties.
WorldWay Immigration's three exclusive premier EB-5 projects—the DLJ Four Seasons Hotel Resort Project (a successfully approved project funded by the trillion-dollar real estate fund DLJ) and the Columbus 90 Apartment Project (a Manhattan concept apartment project with a full set of I-526 documents already sample approved)—are highly sought after by investors primarily because these three projects are all high-quality projects that have successfully qualified for grandfathering. Even under the most stringent EB-5 reform execution standards, these three projects still meet the requirements for successful grandfathering, and their investment amounts, TEA designations, and job calculation methods are not affected by the uncertainties of the December 11 policy changes.
Especially the DLJ Four Seasons Hotel Resort Project, which received formal approval from the U.S. Citizenship and Immigration Services for I-526 in October this year, means that all investors in this project, regardless of when they submitted their applications, will enter a fast-track approval process as long as their personal application documents are in order! To secure a spot for $500,000 investment immigration to the United States, please call the group purchase hotline: 400-138-2929.
Disclaimer: Some materials in this article are sourced from EB5 SIR and Immigration Supermarket, with copyright belonging to the original authors. The information or opinions in this article are for reference only. If there are any copyright issues, please contact the original authors and us.
